Prosafe Production Public Limited will release its results for the third quarter of 2009 before CET 0900 hours on 4 November. Bjørn Henriksen, President & CEO and Sven Børre Larsen, Executive VP & CFO will the same day at CET 1400 hours give a presentation of the results at the Hotel Continental, Stortingsgt. 24/26 in Oslo.

The presentation can be followed ‘live’ via web streaming at http://www.prosafeproduction.com.

About Prosafe Production

Prosafe Production is a leading owner and operator of Floating Production, Storage and Offloading vessels (FPSOs). Prosafe Production has 25 years of operational experience from several of the world’s largest oil and gas provinces. The company has a good operational uptime track record and possesses a range of proprietary FPSO-related technologies. Prosafe Production operates globally and employs approximately 1,000 employees from more than 40 countries. Headquartered in Limassol, Cyprus, Prosafe Production is listed on the Oslo Stock Exchange with ticker code PROD.

Limassol, 14 October 2009

Prosafe Production Public Limited

For further information please contact:

Bjørn Henriksen, President and CEO

Phone: +65 9751 8460

E-mail: bjorn.henriksen@prosafeproduction.com

Sven Børre Larsen, Executive VP and CFO

Phone: +65 9657 2590